L&T Finance Holdings Ltd. Achieves Highest CDP Score of ‘A-’

L&T Finance Holdings Ltd. (LTFH), one of the highest retail financiers within the nation, is thrilled to announce that the Company has achieved highest ever Carbon Disclosure Project (CDP) rating of ‘A-’ within the ‘Leadership’ band. For the Company that is an enchancment from the earlier finest of ‘B’ ‘Management’ band. The ranking is greater than the Asia regional common of ‘C’, and better than the specialised skilled companies sector common of ‘C’.

The CDP rating of L&T FInance Holdings Ltd. within the final three years

LTFH is amongst 17 % of corporations that reached Leadership stage in its Activity Group. A CDP rating is a snapshot of an organization’s environmental disclosure and efficiency.

Speaking on the event, Ms. Apurva Rathod, Company Secretary & Chief Sustainability Officer at LTFH stated, “We are amongst the primary Non-Banking Financial Companies to embrace Environmental, Social & Governance (ESG) and Sustainability, as an essential pillar in our strategic progress plan. In line with the Carbon Neutrality Target by 2035, our Company decreased over 33 % of its carbon emissions in FY23 and practically 1,306 tCO2e emissions have been averted by switching to inexperienced energy and different power effectivity initiatives throughout our branches until the top of Q3FY24. We have additionally financed practically 25,650 Electric Vehicles until the top of Q3FY24, a 65% enhance in comparison with Q3FY23. In addition to the Scope 1 & Scope 2 discount initiatives we additionally strengthened our reporting by elevated mapping of our Scope 3 emissions. These elements have helped us drive an enchancment within the CDP rating.”

LTFH has been reporting to CDP India since 2020 on Climate Change. CDP, a worldwide ranking company, is a not-for-profit charity that runs the worldwide disclosure system for traders, corporations, cities, states, and areas to handle their environmental impacts. The company’s scores are seemed as much as because the gold customary of environmental reporting with the richest and most complete dataset on company motion.

About L&T Finance Holdings (LTFH)

L&T Finance Holdings Ltd. (LTFH) (https://www.ltfs.com), a number one Non-Banking Financial Company (NBFC), affords a spread of monetary services and products beneath the L&T Finance model. Headquartered in Mumbai, the Company has been rated ‘AAA’ — the very best credit standing for NBFCs — by 4 main ranking companies. It has additionally obtained management scores and scores by world and nationwide Environmental, Social, and Governance (ESG) ranking suppliers for its sustainability efficiency. The Company has additionally gained many prestigious awards for its flagship CSR mission – “Digital Sakhi”- which focuses on girls’s empowerment and digital and monetary inclusion. Under Right to Win, being within the ‘proper companies’ has helped the Company grow to be one of the main financiers in key Retail merchandise. The Company is targeted on making a top-class, digitally-enabled, Retail finance firm as half of the Lakshya 2026 plan. The aim is to maneuver the emphasis from product focus to buyer focus and set up a sturdy Retail portfolio with high quality belongings, thus making a Fintech@Scale whereas protecting ESG on the core. Fintech@Scale is one of the pillars of the Company’s strategic roadmap – Lakshya 2026. The Company has over 2.2 Crore buyer database, which is being leveraged to cross-sell, up-sell, and establish new clients.